Airline a and Airline B Are the Two Largest Airlines

question 142

Multiple Choice

Airline A and Airline B are the two largest airlines in the country.The chief executive officer of Airline A calls the chief executive officer of Airline B and says,"Why don't we both raise prices 25% across the board next week?" This is an example of:

• A) spirited competition.
• B) an attempt to collude.
• C) predatory pricing.
• D) a corporate merger.
• E) a tying arrangement.

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Definitions:

Acronym

A word formed from the initial letters of a phrase, making it easier to remember or say.

Shockwave

A sharp change in pressure, temperature, and density moving through a medium, typically caused by an object moving faster than the speed of sound in that medium.

High Explosives

Substances that detonate, decomposing extremely rapidly and producing a shock wave with high energy output.

Initiate

To begin or start a process or action.